Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, Axalta Coating Systems Ltd (NYSE: AXTA) closed at $31.11 down -0.26% from its previous closing price of $31.19. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 1.55 million shares were traded. AXTA stock price reached its highest trading level at $31.33 during the session, while it also had its lowest trading level at $30.835.
Ratios:
For a deeper understanding of Axalta Coating Systems Ltd’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.28. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.98. In the meantime, Its Debt-to-Equity ratio is 2.09 whereas as Long-Term Debt/Eq ratio is at 2.06.
On January 08, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $35 to $36.
On June 14, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $37.Citigroup initiated its Buy rating on June 14, 2023, with a $37 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 04 ’23 when Awada Hadi sold 10,500 shares for $31.99 per share. The transaction valued at 335,895 led to the insider holds 14,656 shares of the business.
BERUBE BRIAN A sold 7,500 shares of AXTA for $233,925 on Nov 17 ’23. The SVP and General Counsel now owns 44,408 shares after completing the transaction at $31.19 per share. On Nov 14 ’23, another insider, Massey Anthony, who serves as the VP, Global Controller, PAO of the company, sold 17,915 shares for $30.88 each. As a result, the insider received 553,215 and left with 19,420 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AXTA now has a Market Capitalization of 6866163712 and an Enterprise Value of 9804759040. As of this moment, Axalta’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.80, and their Forward P/E ratio for the next fiscal year is 14.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 3.96. Its current Enterprise Value per Revenue stands at 1.891 whereas that against EBITDA is 10.94.
Stock Price History:
Over the past 52 weeks, AXTA has reached a high of $34.53, while it has fallen to a 52-week low of $25.03. The 50-Day Moving Average of the stock is -4.58%, while the 200-Day Moving Average is calculated to be 1.18%.
Shares Statistics:
For the past three months, AXTA has traded an average of 2.03M shares per day and 2134150 over the past ten days. A total of 220.10M shares are outstanding, with a floating share count of 219.30M. Insiders hold about 0.38% of the company’s shares, while institutions hold 98.77% stake in the company. Shares short for AXTA as of 1711584000 were 5806974 with a Short Ratio of 2.87, compared to 1709164800 on 6721051. Therefore, it implies a Short% of Shares Outstanding of 5806974 and a Short% of Float of 2.6400002.
